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Produced Water Treatment Market is Anticipated to Grow US$ 187 Bn By 2030

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The global Produced Water Treatment market size is expected to reach USD 187 billion by 2030 and is expected to expand at a CAGR of 5.1% from 2021 to 2030.

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The rise in water scarcity and ongoing investment in oil & gas exploration are key factors expected to boost the global produced water treatment market. In terms of end use, oil & gas is estimated to be a highly lucrative segment of the global produced water treatment market during the forecast period. Water is used in all stages of oil & gas development, extraction, and processing. Operations may consume water or remove large quantities of water; the water is subsequently utilized for drilling, washing, and processing.

North America dominated the market in 2020, accounting for 46% share of the total revenue. Strong presence of crude oil reserves in the U.S. and Canada is expected to increase the usage of water management services.

Asia Pacific is projected to remain the fastest-growing regional market, expanding at a CAGR of 9% over the forecast period. Implementation of First Shale Gas Policy and Open Acreage Licensing Policy (OALP) by the governments of China and India, respectively will be a key driver over the next few years.

Key Driver

  • Produced water can be described as a mixture of organic and several inorganic components that exist in oil & gas reservoirs. Water produced this way is acidic in nature and needs to be treated before it is discharge into river streams or while employing it for reinjection in oil & gas extraction sites.
  • Usage of freshwater has increased significantly, owing to the ever-growing population across the globe. Prolonged discharge of oil contained water is polluting existing resources. This is expected to lead to scarcity of freshwater in the near future. Governments of several countries have enacted stringent regulations on environment practices by imposing discharge norms regarding oil concentration level in discharged streams.
  • Water acts as a pushing agent for oil & gas (helping oil & gas rise up to the surface). Produced water needs to be treated and reused in order to increase productivity for the process of extraction oil & gas from the well. Various water treatment methods have been introduced owing to an increase in productivity of oil & gas and stringent government norms to control the discharge of produced water directly.
  • Demand for produced water treatment is high in countries experiencing scarcity of freshwater. Asia Pacific experiences greater water scarcity problems; therefore, rate of adoption of water treatment methods is considerably high in major countries, such as China and India, in order to deal with scarcity of water.
  • More than 60% produced water comes from oilfields. Reusing produced water for re-injection in onshore as well as in offshore operations is expected to propel the produced water treatment market during the forecast period.

Dynamics

The consumption of oil has been rising with the increase in industrialization in various nations. China is a prominent consumer of oil in the world, owing to rapid industrialization. Various companies are supported by initiatives by the Government of China, such as permitting private companies whose net assets are more than $43 Mn to apply for licenses to conduct oil & gas exploration and production in China in order to enhance investment in this sector for prompt recovery from the impact of COVID-19.

The rise in investments in the oil & gas industry due to increase in consumption of oil & gas, globally, has augmented the application of produced water treatment plants in the oil & gas industry. For instance, the Coalition Government (Australia) revealed the 2020 Offshore Petroleum Exploration Acreage Release 100,000 square km of acreage has been released across five basins including, Browse, Northern Carnarvon, Bonaparte, Otway, and Gippsland basins. This is estimated to stimulate investment in the oil & gas industry, along with the demand for produced water treatment applications.

Oil prices have exhibited significant volatility and are fluctuating for the last 2 to 3 years. Consequently, governments of various countries are taking various efforts to cope with rise in oil prices and revive investment in the oil & gas sector.

Recovering from the impact of the COVID-19 pandemic on the oil & gas industry, and governments of several countries are trying to restore the industry by providing various relief packages for the oil & gas sector in their respective countries. Rise in investment in countries in Southern Africa is projected to boost the produced water treatment market during the forecast period. For instance, in January, 2021, Hess Corp, a U.S.-based company allocated US$ 450 Mn to drill 12-15 exploration and appraisal wells on the Stabroek block in Guyana out of US$ 1.9 Bn for overall E&P in the oil & gas sector. This has fueled the demand for water treatment applications significantly.

Key Players

Major players operating in the global produced water treatment market are Siemens Energy AG, Schlumberger Limited, CETCO Energy Services Company LLC, TechnipFMC plc, Halliburton, Ovivo, Veolia, Enviro-Tech Systems, Suez S.A., and Sulzer.

Report Coverage Details
Market Size US$ 187 Billion by 2030
Growth Rate CAGR of 5.1% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Treatment, Source, End User
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Siemens Energy AG, Schlumberger Limited, CETCO Energy Services Company LLC, TechnipFMC plc, Halliburton, Ovivo, Veolia, Enviro-Tech Systems, Suez S.A., Sulzer

Market Segmentation

Market By Treatment Type

  • Chemical Treatment
  • Reverse Osmosis/Membrane Treatment
  • Biological Treatment
  • Physical Treatment
  • Combined Systems
  • Others

Market By Source

  • Onshore
  • Offshore

Market By End Use

  • Oil & Gas
  • Industrial
  • Power Generation
  • Others

Market  By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Research Methodology

The research methodology adopted by analysts for compiling the report on the global produced water treatment market is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information obtained and legitimated by market-admissible sources, analysts have offered riveting observations and authentic forecasts of the global produced water treatment market.

During the primary research phase, analysts have interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global produced water treatment market.

For secondary research, analysts have scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global produced water treatment market.

Table of Contents

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Produced Water Treatment Market, By Treatment

7.1. Produced Water Treatment Market, by Treatment Type, 2021-2030

7.1.1. Chemical Treatment

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Reverse Osmosis/Membrane Treatment

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Biological Treatment

7.1.3.1. Market Revenue and Forecast (2017-2030)

7.1.4. Physical Treatment

7.1.4.1. Market Revenue and Forecast (2017-2030)

7.1.5. Combined Systems

7.1.5.1. Market Revenue and Forecast (2017-2030)

7.1.6. Others

7.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Produced Water Treatment Market, By Application

8.1. Produced Water Treatment Market, by Application, 2021-2030

8.1.1. Oil & Gas

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Industrial

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Power Generation

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Others

8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Produced Water Treatment Market, By Source 

9.1. Produced Water Treatment Market, by Source, 2021-2030

9.1.1. Onshore

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Offshore

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Produced Water Treatment Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.1.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.3. Market Revenue and Forecast, by Source (2017-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.4.3. Market Revenue and Forecast, by Source (2017-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.1.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.5.3. Market Revenue and Forecast, by Source (2017-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.2.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.3. Market Revenue and Forecast, by Source (2017-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.4.3. Market Revenue and Forecast, by Source (2017-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.5.3. Market Revenue and Forecast, by Source (2017-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.6.3. Market Revenue and Forecast, by Source (2017-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.2.7.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.7.3. Market Revenue and Forecast, by Source (2017-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.3.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.3. Market Revenue and Forecast, by Source (2017-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.4.3. Market Revenue and Forecast, by Source (2017-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.5.3. Market Revenue and Forecast, by Source (2017-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.6.3. Market Revenue and Forecast, by Source (2017-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.3.7.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.7.3. Market Revenue and Forecast, by Source (2017-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.3. Market Revenue and Forecast, by Source (2017-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.4.3. Market Revenue and Forecast, by Source (2017-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.5.3. Market Revenue and Forecast, by Source (2017-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.6.3. Market Revenue and Forecast, by Source (2017-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.4.7.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.7.3. Market Revenue and Forecast, by Source (2017-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.3. Market Revenue and Forecast, by Source (2017-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.4.3. Market Revenue and Forecast, by Source (2017-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Treatment (2017-2030)

10.5.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.5.3. Market Revenue and Forecast, by Source (2017-2030)

Chapter 11. Company Profiles

11.1. Siemens Energy AG

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Schlumberger Limited

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. CETCO Energy Services Company LLC

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. TechnipFMC plc

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Halliburton

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Ovivo

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Veolia

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Enviro-Tech Systems

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Suez S.A.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Sulzer

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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